WASHINGTON--(BUSINESS WIRE)--Franklin Park Investments, the management company for Sammons Renewable
Energy (SRE), announced today it would manage assets acquired from
Sorgent.e Hydro Canada Corporation (SHC) on behalf of SRE. The
acquisition includes two projects totaling 21 MW with long term Energy
Purchase Agreements with BC Hydro as part of the purchase. Two
additional projects totaling 21 MW have been assigned energy volumes
under BC Hydro’s Standard Offer Program.

“Hydroelectricity is an excellent asset class for long term investors
such as Sammons Renewable Energy,” commented Tom Tribone, the Chief
Executive Officer of Franklin Park, SRE’s management partner. “Our
objective is to progress these projects rapidly toward construction in a
manner consistent with the interests of all stakeholders. In parallel
with early stage construction we will also be arranging $150 million of
project level financing.”

“Franklin Park has been instrumental in Sammons Renewable Energy’s
ability to execute on our strategy to move into the renewables market in
North America,” said Heather Kreager, Chief Executive Officer of Sammons
Enterprises, the parent company of Sammons Renewable Energy. “We plan to
continue to work with Franklin Park to evaluate opportunities similar to
the Sorgent.e. deal to expand our renewable energy portfolio.”

Franklin Park Investments, http://www.franklinparkinvestments.com,
provides energy and infrastructure services in major global markets,
including North and South America, Europe and Asia. Franklin Park’s
activities include conventional and renewable electricity generation,
electric distribution, rail and road transport and supply chain
logistics. Franklin Park manages SRE, with an investment focus on wind,
solar and hydroelectric generation in North America.

About Sammons Renewable Energy

Sammons Renewable Energy invests in renewable energy projects in the
U.S., Canada, and Mexico. The company identifies solar, wind and
hydro-related development opportunities over a minimum threshold of $40
million in value. Sammons Renewable Energy is a wholly owned subsidiary
of Sammons Enterprises, Inc. Sammons Renewable Energy’s investments are
managed by Franklin Park Investments.

About Sammons Enterprises

Sammons Enterprises, Inc. is a diverse holding company composed of
financial services, industrial equipment, real estate investment, and
infrastructure businesses operating in three countries. Headquartered in
Dallas, Texas (US), Sammons was established in 1938. With more than $5
billion in annual revenues and $75 billion in assets, it is one of the
largest privately held companies in the U.S. For more information, visit sammonsenterprises.com.

About Americas Energy Services

Americas Energy Services provides due diligence, technical, project
management and operations services to the utility industry and
investors. Areas of expertise encompass all aspects of hydroelectric
projects including civil and electrical engineering, design, procurement
and management.